
Individuals are always in a catch 22 situation when it comes to choosing between FD and SIP for investment. SIP is a mode of investment in Mutual Funds through which individuals can deposit small amounts at regular intervals. FD, on the other hand, is an investment avenue where people deposit a certain amount for a fixed tenure and get back the amount with interest during maturity. So, let us understand which is better between FD and SIP, SIP return calculator, Top SIP to invest, and much more.
Systematic Investment plan or SIP is an investment mode in Mutual Funds which allows people to deposit small amount at regular intervals. SIP can also be referred to as a goal-based investment. SIP is one of the beauties of Mutual Funds through which people can invest as per their convenience. Through SIP people can plan to achieve many objectives like purchasing a house, purchasing a vehicle, planning for higher education, and much more. Though SIP mode of investment is available in many schemes, however, it is generally referred in the context of Equity Funds.

People can start their SIP investment with the amount as low as INR 500.
Fixed Deposit of FD refers to an investment avenue which is generally offered by banks and Post Office. In case of FD, people need to deposit a considerable amount as a one-time payment for a fixed time frame. Here, people get back their investment amount at the end of the tenure. However, people cannot break the FD during the tenure and if they try to break they need to pay some charges to the Bank. The FD Income earns interest on the investment. This interest income earned is taxable in the hands of investors.
Since SIP is an investment mode in Mutual Funds while FD is an investment avenue it itself; both of them show different characteristics. So, let us understand the differences between both of them.
The minimum investment in Mutual Funds through SIP mode of investment starts with INR 500. Therefore, it can be ensured that it does not pinch people’s pockets much. Moreover, the frequency of SIP can also be set as monthly or quarterly as per people’s convenience. On the other hand, in FD the minimum investment amount ranges between INR 1,000-10,0000. Since FD investment is through lump sum mode, therefore, people do not keep on Investing the amount.
FDs being a traditional investment avenue are considered for both short-term and long-term investment. The tenure of FD can be 6 months, 1 year and can go up to 5 years. On the contrary, SIP is generally chosen for long-term investment. Since SIP is generally referred in the context of equity funds, the long-term investment would help you to earn maximum revenues. In addition, people can enjoy maximum benefits if they are held longer.
The returns on FD is fixed in the form of interest which does not change over a period of time. For the Financial Year 2017-18, the FD rates Range between 6%-7% approximately if the investment is kept for one year. On the contrary, in case of SIP, the returns are not fixed as the returns are dependent on the performance of the Underlying equity shares. However, if the Mutual Funds are held for a period of more than five years have given historical returns of more than 15%.
Talk to our investment specialist
The risk-appetite of FD is considered to be less as compared to SIP. FDs are generally offered by banks. On the other hand, the risk appetite of SIP is more than the FD. However, if the SIP is held for a longer-tenure, the probabilities of loss reduces.
The liquidity in case of SIP is more as compared to FD. In case of SIP, if people redeem their investment they can get the money back in T+3 days for equity funds. However, in case of Debt fund, the settlement period is T+1 days. However, in case of fixed deposits, it is not easy to redeem it. Even if people try for premature withdrawals, they need to pay some charges to the bank.
The taxation rules in case of Mutual Funds and FDs both are different. In case of FDs, for the Financial year 2017-18, the interest earned is charged as per the individual’s regular tax slabs. However, as SIP is generally with respect to equity funds, therefore the tax rules related to equity funds are explained as follows.
For the Financial Year 2017-18, if the equity funds are sold after one year from the date of purchase, they are applicable for long-term Capital gains which is not taxable. However, if these funds are sold before one year from the date of purchase then; it is subject to short-term Capital Gain which is charged at a Flat rate of 15% irrespective of the individual’s tax slab.
SIP has a lot of features such as rupee cost averaging, the Power of Compounding, and so on, which is not available in case of an FD. So, let us see what do these characteristics mean.
In case of SIP, people invest in Mutual Fund units at regular time periods when the markets are showing different price behaviour. Therefore, when the markets are showing a downtrend, people can purchase more units and vice versa. Therefore, the purchase price of units gets averaged out due to SIP. However, in case of FD, this feature is not available as the amount is deposited for only one time.
SIP is applicable to compounding. Compounding refers to the compound interest where the interest amount is calculated on the principal amount and already accumulated interest. In case of FD, the interest amount is also subject to compounding.
SIP develops disciplined savings habit among individuals as people need to deposit money at regular intervals. On the contrary, in FD as people deposit the money only once, they may or may not develop a disciplined savings habit.
The table given below summarizes the differences between SIP and Fixed Deposits.
| Parameters | SIP | Fixed Deposits | 
|---|---|---|
| Returns | Varies as per the Fund’s performance | Predetermined | 
| Minimum Investment | Starts from INR 500 | Ranges between INR 1,000 – 10,000 | 
| Tenure | Generally used for long-term | Both Short and Long-term tenure | 
| Risk | High | Low | 
| Liquidity | High | Low | 
| Taxation | Short-term: Taxed at a Flat Rate of 15% Long-term: Not Taxed | Taxed as per individual’s slab rates | 
| Features | Rupee Cost Averaging, Power of Compounding, & Disciplined Savings Habit | Power of Compounding | 
 (Erstwhile Invesco India Growth Fund)   The investment objective of the Scheme is to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. However, there can be no assurance that the objectives of the scheme will be achieved.   Below is the key information for Invesco India Growth Opportunities Fund   Returns up to 1 year are on   The primary investment objective of the Scheme is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.   Research Highlights for Aditya Birla Sun Life Banking And Financial Services Fund   Below is the key information for Aditya Birla Sun Life Banking And Financial Services Fund   Returns up to 1 year are on   ICICI Prudential Banking and Financial Services Fund is an Open-ended equity scheme that seeks to generate long-term capital appreciation to unitholders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. However, there can be no assurance that the investment objective of the Scheme will be realized.   Research Highlights for ICICI Prudential Banking and Financial Services Fund   Below is the key information for ICICI Prudential Banking and Financial Services Fund   Returns up to 1 year are on   (Erstwhile Kotak Select Focus Fund)   The investment objective of the scheme is to generate long term appreciation from the portfolio of equity and equity related sectors, generally focussed on few selected sectors.   Research Highlights for Kotak Standard Multicap Fund   Below is the key information for Kotak Standard Multicap Fund   Returns up to 1 year are on   (Erstwhile Mirae Asset India Opportunities Fund)   The investment objective of the scheme is to generate long term capital appreciation by capitalizing on potential investment opportunities through predominantly investing in equities, equity related securities.   Research Highlights for Mirae Asset India Equity Fund    Below is the key information for Mirae Asset India Equity Fund    Returns up to 1 year are on Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) Invesco India Growth Opportunities Fund Growth  ₹104.09  
 ↓ -0.31 ₹8,125  100  2.9 14.6 14.3 25.4 24.1 37.5 Aditya Birla Sun Life Banking And Financial Services Fund Growth  ₹63.32  
 ↓ -0.01 ₹3,374  1,000  4.9 6.9 13.3 16.8 21.5 8.7 ICICI Prudential Banking and Financial Services Fund Growth  ₹138.42  
 ↑ 0.15 ₹9,688  100  3.3 6.3 12.8 16.5 21.6 11.6 Kotak Standard Multicap Fund Growth  ₹87.447  
 ↓ -0.13 ₹53,626  500  3.6 9.3 9.9 17.3 19.6 16.5 Mirae Asset India Equity Fund  Growth  ₹116.633  
 ↓ -0.11 ₹39,477  1,000  4.4 8.1 7.6 13.7 17.1 12.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Oct 25   Research Highlights & Commentary of 5 Funds showcased
Commentary Invesco India Growth Opportunities Fund Aditya Birla Sun Life Banking And Financial Services Fund ICICI Prudential Banking and Financial Services Fund Kotak Standard Multicap Fund Mirae Asset India Equity Fund  Point 1 Bottom quartile AUM (₹8,125 Cr). Bottom quartile AUM (₹3,374 Cr). Lower mid AUM (₹9,688 Cr). Highest AUM (₹53,626 Cr). Upper mid AUM (₹39,477 Cr). Point 2 Oldest track record among peers (18 yrs). Established history (11+ yrs). Established history (17+ yrs). Established history (16+ yrs). Established history (17+ yrs). Point 3 Top rated. Rating: 5★ (upper mid). Rating: 5★ (lower mid). Rating: 5★ (bottom quartile). Rating: 5★ (bottom quartile). Point 4 Risk profile: Moderately High. Risk profile: High. Risk profile: High. Risk profile: Moderately High. Risk profile: Moderately High. Point 5 5Y return: 24.08% (top quartile). 5Y return: 21.50% (lower mid). 5Y return: 21.64% (upper mid). 5Y return: 19.60% (bottom quartile). 5Y return: 17.12% (bottom quartile). Point 6 3Y return: 25.37% (top quartile). 3Y return: 16.77% (lower mid). 3Y return: 16.53% (bottom quartile). 3Y return: 17.34% (upper mid). 3Y return: 13.70% (bottom quartile). Point 7 1Y return: 14.35% (top quartile). 1Y return: 13.27% (upper mid). 1Y return: 12.85% (lower mid). 1Y return: 9.90% (bottom quartile). 1Y return: 7.63% (bottom quartile). Point 8 Alpha: 11.03 (top quartile). Alpha: -6.06 (bottom quartile). Alpha: -2.57 (bottom quartile). Alpha: 3.91 (upper mid). Alpha: 1.60 (lower mid). Point 9 Sharpe: 0.03 (upper mid). Sharpe: -0.18 (lower mid). Sharpe: 0.03 (top quartile). Sharpe: -0.37 (bottom quartile). Sharpe: -0.52 (bottom quartile). Point 10 Information ratio: 1.26 (top quartile). Information ratio: 0.14 (bottom quartile). Information ratio: 0.32 (upper mid). Information ratio: 0.19 (lower mid). Information ratio: -0.17 (bottom quartile). Invesco India Growth Opportunities Fund
Aditya Birla Sun Life Banking And Financial Services Fund
ICICI Prudential Banking and Financial Services Fund
Kotak Standard Multicap Fund
Mirae Asset India Equity Fund 
1. Invesco India Growth Opportunities Fund
Invesco India Growth Opportunities Fund 
 Growth Launch Date   9 Aug 07  NAV (28 Oct 25)   ₹104.09  ↓ -0.31   (-0.30 %)  Net Assets (Cr)   ₹8,125 on 31 Aug 25  Category  Equity - Large & Mid Cap AMC   Invesco Asset Management (India) Private Ltd  Rating  ☆☆☆☆☆ Risk  Moderately High Expense Ratio  1.82 Sharpe Ratio  0.03 Information Ratio  1.26 Alpha Ratio  11.03 Min Investment   5,000  Min SIP Investment   100  Exit Load   0-1 Years (1%),1 Years and above(NIL)   Growth of 10,000 investment over the years. 
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹14,981 30 Sep 22 ₹14,705 30 Sep 23 ₹17,365 30 Sep 24 ₹27,973 30 Sep 25 ₹28,281  Returns for Invesco India Growth Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Oct 25 Duration Returns 1 Month  5%  3 Month  2.9%  6 Month  14.6%  1 Year  14.3%  3 Year  25.4%  5 Year  24.1%  10 Year    15 Year    Since launch  13.7%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  37.5%  2023  31.6%  2022  -0.4%  2021  29.7%  2020  13.3%  2019  10.7%  2018  -0.2%  2017  39.6%  2016  3.3%  2015  3.8%   Fund Manager information for Invesco India Growth Opportunities Fund 
Name Since Tenure Aditya Khemani 9 Nov 23 1.9 Yr. Amit Ganatra 21 Jan 22 3.7 Yr. Data below for Invesco India Growth Opportunities Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Financial Services 27.61% Consumer Cyclical 20.78% Health Care 19.65% Industrials 11.78% Technology 7.94% Real Estate 6.65% Basic Materials 3.81% Communication Services 1.58%  Asset Allocation 
Asset Class Value Cash 0.18% Equity 99.8%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  Max Healthcare Institute Ltd Ordinary Shares (Healthcare) 
Equity, Since 30 Nov 22 | MAXHEALTH5% ₹454 Cr 4,070,824 
 ↑ 429,553  Eternal Ltd (Consumer Cyclical) 
Equity, Since 30 Jun 23 | 5433205% ₹446 Cr 13,689,301  InterGlobe Aviation Ltd (Industrials) 
Equity, Since 31 Mar 24 | INDIGO5% ₹434 Cr 776,436 
 ↑ 28,991  Cholamandalam Investment and Finance Co Ltd (Financial Services) 
Equity, Since 28 Feb 23 | CHOLAFIN5% ₹395 Cr 2,449,413  Trent Ltd (Consumer Cyclical) 
Equity, Since 28 Feb 22 | 5002515% ₹381 Cr 815,029  Swiggy Ltd (Consumer Cyclical) 
Equity, Since 30 Nov 24 | SWIGGY4% ₹377 Cr 8,909,867  Sai Life Sciences Ltd (Healthcare) 
Equity, Since 31 Dec 24 | SAILIFE4% ₹369 Cr 4,283,799  L&T Finance Ltd (Financial Services) 
Equity, Since 30 Apr 24 | LTF4% ₹334 Cr 13,404,597  BSE Ltd (Financial Services) 
Equity, Since 31 Oct 23 | BSE4% ₹323 Cr 1,580,775  Prestige Estates Projects Ltd (Real Estate) 
Equity, Since 31 Dec 23 | PRESTIGE3% ₹289 Cr 1,914,877 2. Aditya Birla Sun Life Banking And Financial Services Fund
Aditya Birla Sun Life Banking And Financial Services Fund 
 Growth Launch Date   14 Dec 13  NAV (28 Oct 25)   ₹63.32  ↓ -0.01   (-0.02 %)  Net Assets (Cr)   ₹3,374 on 31 Aug 25  Category  Equity - Sectoral AMC   Birla Sun Life Asset Management Co Ltd  Rating  ☆☆☆☆☆ Risk  High Expense Ratio  1.99 Sharpe Ratio  -0.18 Information Ratio  0.14 Alpha Ratio  -6.06 Min Investment   1,000  Min SIP Investment   1,000  Exit Load   0-365 Days (1%),365 Days and above(NIL)   Growth of 10,000 investment over the years. 
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹17,779 30 Sep 22 ₹17,350 30 Sep 23 ₹21,687 30 Sep 24 ₹26,653 30 Sep 25 ₹27,010  Returns for Aditya Birla Sun Life Banking And Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Oct 25 Duration Returns 1 Month  6.3%  3 Month  4.9%  6 Month  6.9%  1 Year  13.3%  3 Year  16.8%  5 Year  21.5%  10 Year    15 Year    Since launch  16.8%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  8.7%  2023  21.7%  2022  11.5%  2021  16.8%  2020  1.1%  2019  14.9%  2018  -2.4%  2017  47.6%  2016  15.7%  2015  -0.5%   Fund Manager information for Aditya Birla Sun Life Banking And Financial Services Fund 
Name Since Tenure Dhaval Gala 26 Aug 15 10.11 Yr. Data below for Aditya Birla Sun Life Banking And Financial Services Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Financial Services 96.53% Technology 1.14%  Asset Allocation 
Asset Class Value Cash 2.29% Equity 97.67% Debt 0.05% Other 0%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  ICICI Bank Ltd (Financial Services) 
Equity, Since 31 Dec 13 | ICICIBANK18% ₹631 Cr 4,677,929 
 ↓ -250,000  HDFC Bank Ltd (Financial Services) 
Equity, Since 31 Dec 13 | HDFCBANK18% ₹626 Cr 6,583,496  Axis Bank Ltd (Financial Services) 
Equity, Since 31 Oct 18 | 5322158% ₹261 Cr 2,302,100  State Bank of India (Financial Services) 
Equity, Since 31 Oct 17 | SBIN7% ₹237 Cr 2,718,689  Bajaj Finance Ltd (Financial Services) 
Equity, Since 30 Sep 16 | 5000346% ₹213 Cr 2,137,250  Kotak Mahindra Bank Ltd (Financial Services) 
Equity, Since 31 Jan 19 | KOTAKBANK4% ₹141 Cr 709,333 
 ↑ 239,361  Cholamandalam Financial Holdings Ltd (Financial Services) 
Equity, Since 31 Jan 20 | CHOLAHLDNG3% ₹118 Cr 623,906  HDB Financial Services Ltd (Financial Services) 
Equity, Since 30 Jun 25 | HDBFS3% ₹107 Cr 1,429,781  ICICI Lombard General Insurance Co Ltd (Financial Services) 
Equity, Since 30 Sep 19 | ICICIGI3% ₹107 Cr 565,076  AU Small Finance Bank Ltd (Financial Services) 
Equity, Since 30 Nov 23 | 5406113% ₹106 Cr 1,446,861 3. ICICI Prudential Banking and Financial Services Fund
ICICI Prudential Banking and Financial Services Fund 
 Growth Launch Date   22 Aug 08  NAV (28 Oct 25)   ₹138.42  ↑ 0.15   (0.11 %)  Net Assets (Cr)   ₹9,688 on 31 Aug 25  Category  Equity - Sectoral AMC   ICICI Prudential Asset Management Company Limited  Rating  ☆☆☆☆☆ Risk  High Expense Ratio  1.83 Sharpe Ratio  0.03 Information Ratio  0.32 Alpha Ratio  -2.57 Min Investment   5,000  Min SIP Investment   100  Exit Load   0-1 Years (1%),1 Years and above(NIL)   Growth of 10,000 investment over the years. 
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹17,263 30 Sep 22 ₹17,101 30 Sep 23 ₹20,162 30 Sep 24 ₹25,799 30 Sep 25 ₹26,594  Returns for ICICI Prudential Banking and Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Oct 25 Duration Returns 1 Month  5.3%  3 Month  3.3%  6 Month  6.3%  1 Year  12.8%  3 Year  16.5%  5 Year  21.6%  10 Year    15 Year    Since launch  16.5%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  11.6%  2023  17.9%  2022  11.9%  2021  23.5%  2020  -5.5%  2019  14.5%  2018  -0.4%  2017  45.1%  2016  21.1%  2015  -7.2%   Fund Manager information for ICICI Prudential Banking and Financial Services Fund 
Name Since Tenure Roshan Chutkey 29 Jan 18 7.68 Yr. Sharmila D’mello 30 Jun 22 3.26 Yr. Data below for ICICI Prudential Banking and Financial Services Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Financial Services 93.8% Health Care 1.4% Technology 0.4% Industrials 0.38%  Asset Allocation 
Asset Class Value Cash 4.02% Equity 95.98%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  HDFC Bank Ltd (Financial Services) 
Equity, Since 31 Oct 08 | HDFCBANK20% ₹2,005 Cr 21,081,157 
 ↑ 1,721,301  ICICI Bank Ltd (Financial Services) 
Equity, Since 31 Oct 08 | ICICIBANK19% ₹1,917 Cr 14,219,497  State Bank of India (Financial Services) 
Equity, Since 31 Oct 08 | SBIN8% ₹828 Cr 9,489,675  Axis Bank Ltd (Financial Services) 
Equity, Since 28 Feb 19 | 5322158% ₹779 Cr 6,886,687 
 ↓ -668,750  SBI Life Insurance Co Ltd (Financial Services) 
Equity, Since 30 Sep 17 | SBILIFE6% ₹556 Cr 3,104,315 
 ↑ 211,968  Kotak Mahindra Bank Ltd (Financial Services) 
Equity, Since 31 Jan 23 | KOTAKBANK5% ₹526 Cr 2,638,382 
 ↑ 281,994  HDFC Life Insurance Co Ltd (Financial Services) 
Equity, Since 30 Sep 23 | HDFCLIFE4% ₹386 Cr 5,099,696  Max Financial Services Ltd (Financial Services) 
Equity, Since 31 Aug 19 | 5002713% ₹260 Cr 1,649,161  ICICI Lombard General Insurance Co Ltd (Financial Services) 
Equity, Since 30 Sep 19 | ICICIGI3% ₹256 Cr 1,355,046  LIC Housing Finance Ltd (Financial Services) 
Equity, Since 30 Nov 24 | LICHSGFIN2% ₹195 Cr 3,450,348 4. Kotak Standard Multicap Fund
Kotak Standard Multicap Fund 
 Growth Launch Date   11 Sep 09  NAV (28 Oct 25)   ₹87.447  ↓ -0.13   (-0.15 %)  Net Assets (Cr)   ₹53,626 on 31 Aug 25  Category  Equity - Multi Cap AMC   Kotak Mahindra Asset Management Co Ltd  Rating  ☆☆☆☆☆ Risk  Moderately High Expense Ratio  1.47 Sharpe Ratio  -0.37 Information Ratio  0.19 Alpha Ratio  3.91 Min Investment   5,000  Min SIP Investment   500  Exit Load   0-1 Years (1%),1 Years and above(NIL)   Growth of 10,000 investment over the years. 
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹15,201 30 Sep 22 ₹14,967 30 Sep 23 ₹17,785 30 Sep 24 ₹24,378 30 Sep 25 ₹24,102  Returns for Kotak Standard Multicap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Oct 25 Duration Returns 1 Month  4.6%  3 Month  3.6%  6 Month  9.3%  1 Year  9.9%  3 Year  17.3%  5 Year  19.6%  10 Year    15 Year    Since launch  14.4%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  16.5%  2023  24.2%  2022  5%  2021  25.4%  2020  11.8%  2019  12.3%  2018  -0.9%  2017  34.3%  2016  9.4%  2015  3%   Fund Manager information for Kotak Standard Multicap Fund 
Name Since Tenure Harsha Upadhyaya 4 Aug 12 13.17 Yr. Data below for Kotak Standard Multicap Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Financial Services 26.21% Industrials 19.61% Basic Materials 14.66% Consumer Cyclical 12.02% Technology 6.83% Energy 5.89% Utility 3.51% Health Care 3.09% Communication Services 2.98% Consumer Defensive 2.25%  Asset Allocation 
Asset Class Value Cash 2.77% Equity 97.23% Other 0%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  ICICI Bank Ltd (Financial Services) 
Equity, Since 30 Sep 10 | ICICIBANK7% ₹3,572 Cr 26,500,000  Bharat Electronics Ltd (Industrials) 
Equity, Since 31 Aug 14 | BEL6% ₹3,272 Cr 81,000,000 
 ↓ -5,000,000  HDFC Bank Ltd (Financial Services) 
Equity, Since 31 Dec 10 | HDFCBANK6% ₹3,043 Cr 32,000,000  State Bank of India (Financial Services) 
Equity, Since 31 Jan 12 | SBIN4% ₹2,076 Cr 23,800,000  Jindal Steel Ltd (Basic Materials) 
Equity, Since 31 Mar 18 | 5322864% ₹2,021 Cr 19,000,000  Larsen & Toubro Ltd (Industrials) 
Equity, Since 30 Sep 13 | LT4% ₹1,976 Cr 5,400,000 
 ↓ -200,000  Eternal Ltd (Consumer Cyclical) 
Equity, Since 31 Aug 23 | 5433204% ₹1,953 Cr 60,000,000 
 ↑ 7,500,000  Axis Bank Ltd (Financial Services) 
Equity, Since 31 May 12 | 5322153% ₹1,811 Cr 16,000,000  SRF Ltd (Industrials) 
Equity, Since 31 Dec 18 | SRF3% ₹1,765 Cr 6,250,000  UltraTech Cement Ltd (Basic Materials) 
Equity, Since 31 Mar 14 | 5325383% ₹1,681 Cr 1,375,000 
 ↓ -350,000 5. Mirae Asset India Equity Fund 
Mirae Asset India Equity Fund  
 Growth Launch Date   4 Apr 08  NAV (28 Oct 25)   ₹116.633  ↓ -0.11   (-0.09 %)  Net Assets (Cr)   ₹39,477 on 31 Aug 25  Category  Equity - Multi Cap AMC   Mirae Asset Global Inv (India) Pvt. Ltd  Rating  ☆☆☆☆☆ Risk  Moderately High Expense Ratio  1.16 Sharpe Ratio  -0.52 Information Ratio  -0.17 Alpha Ratio  1.6 Min Investment   5,000  Min SIP Investment   1,000  Exit Load   0-1 Years (1%),1 Years and above(NIL)   Growth of 10,000 investment over the years. 
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹15,431 30 Sep 22 ₹14,979 30 Sep 23 ₹17,067 30 Sep 24 ₹22,438 30 Sep 25 ₹21,682  Returns for Mirae Asset India Equity Fund 
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Oct 25 Duration Returns 1 Month  4.5%  3 Month  4.4%  6 Month  8.1%  1 Year  7.6%  3 Year  13.7%  5 Year  17.1%  10 Year    15 Year    Since launch  15%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  12.7%  2023  18.4%  2022  1.6%  2021  27.7%  2020  13.7%  2019  12.7%  2018  -0.6%  2017  38.6%  2016  8.1%  2015  4.3%   Fund Manager information for Mirae Asset India Equity Fund  
Name Since Tenure Gaurav Misra 31 Jan 19 6.67 Yr. Data below for Mirae Asset India Equity Fund  as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Financial Services 31.28% Consumer Cyclical 14.19% Technology 10.71% Consumer Defensive 10.18% Industrials 7.54% Basic Materials 7.01% Energy 5.59% Health Care 4.89% Communication Services 4.51% Utility 3.28% Real Estate 0.6%  Asset Allocation 
Asset Class Value Cash 0.22% Equity 99.78% Other 0%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  HDFC Bank Ltd (Financial Services) 
Equity, Since 28 Feb 09 | HDFCBANK10% ₹3,941 Cr 41,445,098 
 ↑ 1,284,138  ICICI Bank Ltd (Financial Services) 
Equity, Since 31 Oct 09 | ICICIBANK8% ₹3,253 Cr 24,129,282 
 ↑ 1,114,713  Infosys Ltd (Technology) 
Equity, Since 31 May 08 | INFY6% ₹2,182 Cr 15,133,808 
 ↓ -525,591  Reliance Industries Ltd (Energy) 
Equity, Since 30 Apr 08 | RELIANCE5% ₹1,846 Cr 13,533,143  ITC Ltd (Consumer Defensive) 
Equity, Since 29 Feb 12 | ITC4% ₹1,714 Cr 42,694,472 
 ↑ 1,011,851  Bharti Airtel Ltd (Communication Services) 
Equity, Since 31 Aug 10 | BHARTIARTL4% ₹1,568 Cr 8,349,033  Larsen & Toubro Ltd (Industrials) 
Equity, Since 29 Feb 12 | LT4% ₹1,399 Cr 3,822,728  Tata Consultancy Services Ltd (Technology) 
Equity, Since 31 May 09 | TCS3% ₹1,332 Cr 4,612,393 
 ↓ -288,286  Maruti Suzuki India Ltd (Consumer Cyclical) 
Equity, Since 31 Mar 12 | MARUTI3% ₹1,278 Cr 797,047 
 ↑ 118,141  Axis Bank Ltd (Financial Services) 
Equity, Since 31 Mar 14 | 5322153% ₹1,207 Cr 10,663,212 
 ↓ -1,498,047 
The returns of SIP keep on varying. However, assuming the historical rate of returns being 15%, let’s see how the SIP investment of INR 1,000 grows over a period of 12 months.

The FD rates also keep on varying from bank to banks. However, assuming the interest rate to be 6%, let us see how the FD will perform over a period of 12 months if the investment amount is INR 1,000.

Open Free Investment Account for Lifetime at Fincash.com.
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
To conclude, it can be said that SIP has more advantages as compared to FD. However, it is always advised to people that they understand a scheme’s functioning completely before investing. In addition, they can even consult a personal financial advisor to ensure that their investment is safe and their objectives are met.
Research Highlights for Invesco India Growth Opportunities Fund